IS31.DE vs. SPPE.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, IS31.DE returned 5.70%/yr vs 10.18%/yr for SPPE.DE. Their correlation of 0.86 suggests significant overlap in exposure. IS31.DE charges 0.25%/yr vs 0.12%/yr for SPPE.DE.
Performance
IS31.DE vs. SPPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 2.76% return, which is significantly lower than SPPE.DE's 7.47% return.
IS31.DE
- 1D
- -0.37%
- 1M
- 0.00%
- 6M
- 3.26%
- YTD
- 2.76%
- 1Y
- 8.02%
- 3Y*
- 10.50%
- 5Y*
- 5.70%
- 10Y*
- —
SPPE.DE
- 1D
- -1.25%
- 1M
- -0.66%
- 6M
- 6.71%
- YTD
- 7.47%
- 1Y
- 17.36%
- 3Y*
- 17.01%
- 5Y*
- 10.18%
- 10Y*
- —
IS31.DE vs. SPPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.76% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -5.76% |
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 7.47% | 15.32% | 23.27% | 23.16% | -21.71% | 28.53% | 15.02% | 27.80% | -8.05% |
Correlation
The correlation between IS31.DE and SPPE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018 | 0.86 |
The correlation between IS31.DE and SPPE.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
IS31.DE vs. SPPE.DE — Risk / Return Rank
IS31.DE
SPPE.DE
IS31.DE vs. SPPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) and SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS31.DE | SPPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.99 | -0.79 |
| Martin ratioReturn relative to average drawdown | 4.57 | 8.00 | -3.43 |
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Drawdowns
IS31.DE vs. SPPE.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum SPPE.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for IS31.DE and SPPE.DE.
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Drawdown Indicators
| IS31.DE | SPPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -34.33% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -8.68% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -18.40% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -26.10% | +5.35% |
Current DrawdownCurrent decline from peak | -0.83% | -2.00% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -5.76% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.16% | -0.41% |
Volatility
IS31.DE vs. SPPE.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) is 1.94%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 2.98%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS31.DE | SPPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.98% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 9.23% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.69% | 12.13% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 16.06% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 17.59% | -3.23% |
IS31.DE vs. SPPE.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is higher than SPPE.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS31.DE vs. SPPE.DE - Dividend Comparison
Neither IS31.DE nor SPPE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and SPPE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for IS31.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IS31.DE and 0.12% for SPPE.DE.
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